Elizabeth Holmes, founder and CEO of the disgraced blood-testing company Theranos, has been denied bail while she appeals her fraud conviction, and must report to prison later this month. Judge Edward Davila of the Northern District of California cast doubt on her appeal, noting that the portion of the conviction she is challenging is not likely to be overturned. Holmes was sentenced to more than 11 years in prison last November after being exposed as a fraud for promising to revolutionize the blood-testing industry.
